Advance Auto Parts (AAP) released a profit for second quarter that Decreased from last year but beat the Street estimates.
The company's earnings came in at $15 million, or $0.25 per share. This compares with $45 million, or $0.75 per share, last year.
Excluding items, Advance Auto Parts reported adjusted earnings of $42 million or $0.69 per share for the period.
Analysts on average had expected the company to earn $0.58 per share. Analysts' estimates typically exclude special items.
The company's revenue for the period fell 7.7% to $2.010 billion from $2.178 billion last year.
Advance Auto Parts earnings at a glance (GAAP) :
-Earnings: $15 Mln. vs. $45 Mln. last year.-EPS: $0.25 vs. $0.75 last year.-Revenue: $2.010 Bln vs. $2.178 Bln last year.
-Guidance:Full year EPS guidance: $1.20 - $2.20Full year revenue guidance: $8,400 - $8,600 Mln
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May 15, 2026 15:25 ET Apart from the confirmation of Kevin Warsh as the next Fed chair, the main news on the economics front this week included key price data from the U.S. and the first quarter economic growth figures from major economies. Both consumer prices and producer costs have started to reflect the effect of supply shocks due to the Middle East conflict. In Europe, GDP data was in focus, while inflation data from China dominated the news flow in Asia.